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Posted at 10:30 AM ET, 08/06/2012

Get started: Government calls contractor layoffs premature, China’s small business ecosystem deteriorating

Our daily blend of the latest news, trends and tips for the small business community.

What’s going ‘on’:

Government moves to quell sequestrian fears: Government officials are pushing back against contractors’ sense of dread over the massive defense cuts slated for the end of the year, urging those who provide government services to hold off on laying off their employees.

Recessions spawn entrepreneurs: Slumping economies often spur a boom in new businesses, according to a new study from the University of Missouri, which showed that necessity-driven entre­pre­neur­ship rose from 16 percent to 28 percent in the last three years.

Americans loves small businesses: Nearly nine of 10 adults have a favorable view of small businesses (which most deem as honest and ethical), compared to just 16 percent who feel the same way about big corporations, according to the 2012 Public Affair Pulse Survey.

Keep an eye ‘on’:

Small business ecosystem deteriorating in China:A growing pattern of loan defauls, disappearing credit options and the worldwide economic slowdown are beginning to whittle away at a once-booming small business ecosystem in China, according to a report from Global Post.

Helpful advice ‘on’:

How to pitch your product to big retailers (Guardian)

How to manage time as an entrepreneur (Entrepreneur)

How to move a product through development (B2C)

How to make audits less of a hassle (Open Forum)

By  |  10:30 AM ET, 08/06/2012

Tags:  small business, get started on

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